U.S. Commerce Secretary Gina Raimondo says the administration is working to address the Cyber attack on a key northeast pipeline over the weekend.
Colonial Pipeline, the operator of the nation’s biggest fuel pipeline, was forced to shut down its 5,500 miles of pipeline after being hit by a massive ransomware-cyberattack on Friday afternoon.
As a result, 45% of the East Coast’s fuel supply has been halted and it’s still clear when the company will be able to reopen its pipeline.
Speaking on CBS’ “Face the Nation,” Raimondo said that “it’s an all hands on deck effort right now.”
Raimondo added that the administration is “working closely with the company, state, and local officials in order to make sure that they get bak up to normal operations as quickly as possible and there’s aren’t disruptions in supply.”
Gas Prices Expected to Jump Amid Tighter Supply
The attack comes as the nation heads into the busy summer travel season. With the economy reopening and people traveling, any kind of prolonged shutdown or disruption in the oil pipeline system is expected to have an effect on oil prices, sending them higher.
Colonial Pipeline has acknowledged that its corporate computer networks were hit by a ransomware attack. In this kind of cyber attack, criminal groups hold date hostage until the victim pays a ransom.
The attack highlights the vulnerability of the nation’s Infrastructure and electric grid, something critics have insisted needs to be addressed for the sake of the nation’s security.